Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45?
Tech Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45? Source: HypurrScanHyperliquid market demand remains steady Source: DeFiLlama Source: CoinGlassIs the demand enough to absorb pressure? After HYPE dropped to a low of $40, buyers jumped in, bought the dip, and defended the key support level. In doing so, the upside momentum began to show some strength. In fact, the Relative Strength Index (RSI) signaled a reversal, rising from 50 to 52. RSI avoiding further slip suggested that buyers repelled sellers and extensively absorbed market pressure. Source: TradingView At the same time, the SMI Erogdic Indicator (SMII) also held above its signals, further confirming recovering bullish pressure. These momentum indicators suggested buyers have returned with strength, and managed to weaken sellside pressure. Therefore, if capital inflows hold, HYPE is likely to recover from this slip and target $45. However, if the whales profit realization trend continues and demand from other market players remains, Hyperliquid will see sideways movement. Sideways movement will see HYPE trade between $41 and $44.